Key takeaways
- China's exports and imports surged more than expected in October, while its surplus shrank sharply, undershooting expectations even as it crossed $1 trillion for the year so far.
- Imports climbed by 41.6% last month, customs data showed, jumping from 31% in September and sharply beating estimates for a 32% rise by analysts polled by Reuters.
- The monthly surplus dropped to $105.3 billion in October, the lowest level since April.
Goods exports soared by 35.2% last month from a year earlier, exceeding expectations for a 33.5% jump in a Reuters poll and slowing from a 36.3% jump in September.
